Net Loss Per Share

3 Months Ended

May 02, 2026

8. Net Loss Per Share

Basic net loss per share is net loss divided by the number of common shares outstanding during the period. Potentially dilutive shares outstanding were excluded from the calculations as their effect would be anti-dilutive. Potentially dilutive shares include unvested restricted stock units, unvested restricted stock awards, and warrants, which utilize the treasury stock method, as well as unvested performance share units that utilize the contingently issuable share method.

The information required to compute basic and diluted net loss per share is as follows:


	Quarter Ended
(Dollars and Shares in Millions, Except per Share Data)	May 2, 2026	May 3, 2025
Numerator—Net loss	$(14)	$(15)
Denominator—Weighted-average shares:
Basic/Diluted	112	111
Net loss per share:
Basic/Diluted	$(0.13)	$(0.13)

The following potential shares of common stock were excluded from the diluted net loss per share calculation because their effect would have been anti-dilutive:


	Quarter Ended
(Shares in Millions)	May 2, 2026	May 3, 2025
Anti-dilutive shares	11	6